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Euro Multivision IPO is a book build issue of ₹66.00 crores. The issue is entirely a fresh issue of 0.88 crore shares of ₹66.00 crore.
Euro Multivision IPO bidding started from Sep 22, 2009 and ended on Sep 24, 2009. The shares got listed on BSE, NSE on Oct 15, 2009.
Euro Multivision IPO price band is set at ₹75.00 per share . The lot size for an application is 90. The minimum amount of investment required by an retail is ₹6,300 (90 shares). The lot size investment for sNII is 30 lots (2,700 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (13,410 shares), amounting to ₹10,05,750.
The issue includes a reservation of up to 2,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Anand Rathi Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Euro Multivision IPO RHP for detailed Information.
| IPO Date | September 22, 2009 to September 24, 2009 |
| Listing Date | October 15, 2009 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹70 to ₹75 per share |
| Issue Price Final | ₹75 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 88,00,049 shares (aggregating up to ₹66.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,50,00,000 shares |
| Share Holding Post Issue | 2,38,00,000 shares |
Euro Multivision IPO offers total 88,00,000 shares. Out of which 43,00,000 (48.86%) allocated to QIB, 12,90,000 (14.66%) allocated to NII, 30,10,000 (34.20%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 43,00,000 (48.86%) | NA |
| NII (HNI) Shares Offered | 12,90,000 (14.66%) | NA |
| Retail Shares Offered | 30,10,000 (34.20%) | 33,444 |
| Employee Shares Offered | 2,00,000 (2.27%) | NA |
| Total Shares Offered | 88,00,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Euro Multivision IPO opens on September 22, 2009, and closes on September 24, 2009.
| IPO Open Date | Tue, Sep 22, 2009 |
| IPO Close Date | Thu, Sep 24, 2009 |
| Tentative Listing Date | Thu, Oct 15, 2009 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 24, 2009 |
Investors can bid for a minimum of 90 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹6,750 |
| Retail (Max) | 29 | 2,610 | ₹1,95,750 |
| S-HNI (Min) | 30 | 2,700 | ₹2,02,500 |
| S-HNI (Max) | 148 | 13,320 | ₹9,99,000 |
| B-HNI (Min) | 149 | 13,410 | ₹10,05,750 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2004, Euro Multivision Limited (EML) is the second largest company engaged in the manufacturing of CD and DVD's. EML's manufacturing unit is situated at Taluka Bhachau, Kutch, Gujarat.
Company started with set up a plant for the manufacture of Compact Disc Recordables (CDRs) and Digital Versatile Disc Recordables (DVDRs). In 2005, Company added five manufacturing lines having an installed capacity of 720 Lac units of CDRs and 72 Lac units of DVDRs a year. In the year of 2006-07 company expanded the capacity by adding another 5 manufacturing lines with total installed capacity of CDRs to 1800 Lac units a year. These 10 manufacturing lines are interchangeable and convertible to manufacture DVDR and also compatible for manufacturing of pre recorded CD's and DVD's. EML is a part of EURO group which was promoted by Shri Nenshi Shah.
Company is planning to make an entry into the Photovoltaic business by manufacturing solar cells used for generation of electrical energy with a capacity of 40MW per year at a total cost of Rs.16756 lacs. Company is propose to set up this photovoltaic plant in a Special Economic Zone (SEZ). EML has already acquired 28.75 acres of land for setting up the SEZ adjacent to the existing manufacturing unit at Bhachau, Kutch, Gujarat.
| Particulars | For the year/period ended (Rs. in lacs) | |||
| 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 7,357.43 | 9,035.84 | 5,893.13 | 4,476.45 |
| Profit After Tax (PAT) | 183.74 | 974.80 | 640.74 | (128.69) |
| KPI | Values |
|---|---|
| RoNW | 5.83% |
The Company Euro Multivision IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Setting up of photovoltaic solar cell manufacturing unit at Taluka Bhachau, Kutch District, Gujarat | 1,780.30 |
CARE has assigned an IPO Grade 3 to Euro Multivision Limited IPO. This means as per CARE, company has average fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Link to download CARE rating document.
| Listing Date | October 15, 2009 |
| BSE Script Code | 533109 |
| NSE Symbol | EUROMULTI |
| ISIN | INE063J01011 |
| Final Issue Price | ₹75 per share |
| BSE Listing Group | B |
Euro Multivision Ltd.
Boston House Ground Floor,
Near Cinemagic Theatre, Suren Road,
Chakala, Andheri (E),
Mumbai, Maharashtra, 400093
Phone: 91-22-40364036
Email: info@euromultivision.com
Website: http://www.euromultivision.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: eml@rathi.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Euro Multivision IPO is a main-board IPO of 88,00,049 equity shares of the face value of ₹10 aggregating up to ₹66.00 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 90.
The IPO opens on September 22, 2009, and closes on September 24, 2009.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Euro Multivision IPO using UPI as a payment gateway. Zerodha customers can apply in Euro Multivision IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Euro Multivision IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Euro Multivision IPO opens on September 22, 2009 and closes on September 24, 2009.
Euro Multivision IPO lot size is 90, and the minimum amount required for application is ₹6,750.
You can apply in Euro Multivision IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Euro Multivision IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Euro Multivision IPO allotment status.
The Euro Multivision IPO listing date is on Thursday, October 15, 2009.
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